OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-03-31-accounts

h ri ZfttaLOfat:aatg.
8M(80}sQQ2122
Tttts}J}fgtsnts
Jswtitrdad. 2(}2}-21
j}:ups~
~mm srrf,sff
j}:ups~
~mm srrf,sff
Ffin Dance, Abertillery 85,948 85,000 Andrew Tuggey
Scout Wales SWAT (Scouts Cymru) E2,021 Andrew Tuggey

Auditors Azets Audit Services Azets Audit Services
Ty Derw
Lime Tree Court
Cardiff Gate Business Park
Cardiff
CF23 BAB
Bankers The Royal Bank ofScotland
South Wales Commercial Office
One Kingsway
Cardiff
CF103AQ
Solicitors Geldards
LLP
4Capital Quarter
Tyndall Street
Cardiff
CF104BZ
Investment Managers Brewin Dolphin
2nd Floor
Ltd
5 Callaghan
Square
Cardiff
CF10SBT
CCLA Investment Management Limited
1 Angel Lane
London
EC4R 3AB

Income and endowments from:
Donations &legacies 2 182,153 89,011 500,423 733,271
Income from investments 3 1,397 43,348 487,654 480,240
Charitable
activities
Grantmaking 1,071,544 5,325,310
Other income 200,000
Total income 183,550 1,203,903 988,077 6,738,821
Expenditure
on:
Costs ofraising funds
Fund development
8 donor care
144,654 7,830 138.186
Core grants 11,146 2,237 12,665
Investment
income
12,988 64,759 61.925
Charitable
activities
Grantmaking 189,903 1,729,203 6,027,891
Promoting
philanthropy
109,310 8,948 105,498
Total expenditure 468,002 1,748,218 64,759 6.346.165
Net income/(expenditure) before (284,452) (544,315) 923,318 392,656
gains and losses on investments
Gain on revaluation
Net gain/(loss)
on investments
11 1,845,598 3,896,950
Net income/(expenditure) forthe
year (284,452) (544,315) 2,768,916 4,289,606
Transfers between
funds
243,926 546,126 (790,052)
Gain on revaluation
Net movement
in funds
(40,527) 1,811 1,978,863 4,289,606
Reconciliation offunds
Fund balances brought forward 447,391 895,016 19,993,081 17,045,882
Fund balances carried forward 406,864 896,827 21,971,944 21 335488

Net cash used in operating activities 24 (222,632)
Cash inflows from investing
activities
Investment
income
480,240
Net cash from investing
activities
480,240
Cash flows from investing activities
Payments to acquire fixed asset investments (4.740,735)
Receipts from sale offixed asset investments 5,018,366
Equalisation 13,114
Revaluation (200,000)
Acquisition offixed assets 10 (31,215)
Add back depreciation
and
amortisation 10 10,170
Net cash generated
used in investing
activities 69,700
Operating
cash flow in year
(327,308)
Management
of liquid resources
Increase/Decrease
in net cash in investment
(158,230)
(Decrease)/Increase
in net
cash at bank in the year 169,078
Cash and cash equivalents at 1 April 2021 1,042,744
Cash and cash equivalents at 31 March 2022 1,211,823

Core grants
Welsh Goverment 40,677
Donations
Charities/organisations 141,476 89,011 500,423 692,567
Corporate donors
Individuals
182,153 89,011 500,423 733,271

Dividends 487,654 429,430
Property rental 43,348 44.353
Grants returned to CFW 3,500
Bank interest 1,397 2,957
1,397 43,348 487,654 480,240

Charities/organisations 1,071,544 5.325,310
Corporate donors
Individuals
1,071,544 5,325,310

Cost ofraising funds:
Core grants 12,977 406 12,665
Fund development
&donor care
131,123 13.722 7,640 138,186
Investment
income
12,175 64,759 813 61,925
Charitable
activities
Grantmaking 1,725,848 139,550 31,908 21,800 6,027,891
Promoting
philanthropy
81,642 26,645 9,971 105,498
Total resources expended 1,725,848 377,467 137.034 40,630 6,346,165

Meeting costs
Trustees costs
Subscriptions 13,807 11,631
Professional fees 9,832 11,540
Other
Staff related costs 67,493 58,112
Office overheads 5,052 4,363
96,184 85.646

Salaries 310,308
Social security costs 29,663
Pension costs 15,199
355,169

The net income for the year before transfers is stated after charging:
Auditors
remuneration
8,400
Operating
lease rentals:
-Plant and machinery 2,100

Total income 6,633,224
Total expenditure (6,331,175)
Net incoming/outgoing resources before transfers 302,049
Investment
gain/(loss)
2,214,663
Transfers
Net movement
in funds
2,516,712

10.Fixed and Intangible Assets
Investments
-Property
Group Charity
At 1 April 2021 300,000
Revaluation 200,000
500,000
At 31 March 2022
Properties at year end comprised:
Former county school at Newtown 500,000

Tangibleassets
Group Charity
Cost
Opening
balance 1/04/2021
14,410 14,410
Additions
in year
Value at 31/03/2022 14,410 14,410
At 1/04/2021 At 1/04/2021 2,882 2,882
Additions in year 2,882 2,882
Value at 31/03/2022 5,764 5,764
At 31 March 2021 11,528 11,528
At 31 March 2022 8,646 8,646

ntaniblefixedassets
g Group Charity
Opening
balance 1/04/2021
3,175 3,175
Additions
in year
31,215 31,215
Value at 31/03/2022 34,390 34,390
At 1/04/2021 1,085 1,085
Charge for year 7,288 7,288
At 31/03/2022 8,373 8,373
At 31 March 2021 2,090 2,090
At 31 March 2022 26,017 26,017

11Investments -Securities
. Group Charity
Listed investments atvaluation
Opening valuation 13,577,727 9,431,881
Additions
in the year
4.740,735 3,113,936
Disposal proceeds (5,018,366) (4,265,611)
Dealer charges (13,114) (11,147)
Gain (loss) on valuation 158,230 101,267
Cash movements 6,047,869 3,810,158
Closing valuation 19,493,081 12,180,484
Group Charity
Listed investments comprised
Uk-listed Investments 19,081,904 11,897,513
Portfolio cash flow 411,177 282,971
19,493,081 12,180,484
Material investments investments
CCLA 5,404,336 3,376,964
Segregated portfolio holdings 14,088,745 8,803,520
19,493,081 12,180,484

12.Lon g term debtors
Group Charity
Property rental 75,744

3Dbt
.eors Group Charity
Other debtors 250,144 163,144
Provision for investment transfers 504,298 498862
Prepayments and accrued income 17.906 10,504
772,348 672,110
14.Creditors - am ounts
falling due
within one year
Group Charity
Trade creditors 16,594 16,594
Accruals and deferred income 673,710 608,529
Tax and social security 7.867 7,867
698,171 632,990

Office lease 19,950 47,552 87,508
Photocopier 2,520 3,780 6,962
22,470 51,332 94,470

Unrestricted general fund 447,391 183,550 (468,002) 243,926
447,391 183,550 (468,002) 243,926
Immediate
Impact Funds
Immediate
Impact Funds
Immediate
Impact Funds
The Skiathos Fund 66,405 (66,405)
Bristol &West
Ashley
Family Foundation
214,990 (227,016) (23,065)
South Wales PCC 975 15,111
Anglesey Playground Trust 5,935
Older People's Fund 153,308 110,949 (253,947) (31)
Wesleyan 40,474 (28,750)
Surviving
Winter
1,369 (1,369)
Give DIFFerently 4,402 1,493 (5,300) (134)
Core Funding
Programme
(Waterloo) 74,673
Welsh Procurement Alliance 89,000 (80,000) (9,000)
Provident 5,000 28,750 (25,000) (3,750)
Thomas Carroll Fund 18,481 8,290 (3,975) (932)
Geldards
Fund
1,364 56 (6)
HS Gwynedd 10
Transformation
and
Growth 11,994 (12,117)
Dulverton
Coronavirus
10,000 (10,000)
West Glamorgan
High
Sheriff 1,463
Gareth Gdiffiths Fund 20,189 (18,170) (1,615)
Resilience Fund 84,578 92 61,115 (145,784)
Cefn Croes Wind Farm 300 (300)
Cellnex Programme 17,820 180 (18,000)
Great Western
Railway
18,000 (18,000)
Trust and Foundation 60,308 8,470
Daring to Dream 49 62 (94)
Castle Dairies 24,750 (16,828) (2,250)
Trivallis 135,000 (59,938) (15,000)
Principality 110,000 (10,000)
Made by Sport 244,091 (224,388)
Track 2000 121,000 (121,000)
Pears Action Learning Project 54,000 (48,000)
Seaburne 31,250 (15,599) (3,125)
Mab Gwalia 31,744 (26,542) (441)
Disability 118,508
COVID 19Support for BAME groups 118,508
576,908 1,471,370 (1,015,344) (404,300)
Endowment
Funds
Martyn Groves Adventure
8 Travel
Fund
Dr Dewi Davies Fund (98,831) 98,831
Daisy Fund (1,800) 1,800
Nancy Mudge Fund (4,440) 4,440
Carmarthenshire
Fund
(16,000) 16,000
Powys Welsh Church Fund ¹+ 3,055 P6,800) 73,745
Montgomeryshire
District Trust
Fund *+ (9,700) 9,700
Montgomeryshire
Intermediate
8 198,420 40,293 (47,000) (13,422)
Technical Education*
Former Girls Grammar
School Brecon*+
(6,581) 6,581
Stanley Bligh Memorial
Fund*+
(11,201) 11,201
Education Trust for Cardiff Citizens (6,500) 6,500
Cardiff Citizens Chari~+ 512
Monmouthshire
Further
Education
Fund (2,615) 2,615
Education
Fund for Denbigh and
Surrounding
Area *+
P,510) 7,510
Clywd Welsh Church
Fund +¹
(8,556) 8,556
Gwent High Sheriffs' Community 30,323 81,261 (67,491) (14,344)
Endowment
Fund
Denbighshire
Community
Endowment
(8,500) 8,500
Fund
Former Foundation
Powys Fund
3,173
Foundation
Schools Fund
11,558
Fund for Wales 1,012 828 (21,000) 19,160
BIGFund for Wales Trust Fund 2,000 (152,198) 151,198
Wales in London (5,250) 5.250
Wrexham Community Endowment Fund (1,750) 1,750
(Church)
Wrexham Community Endowment Fund (5,140) 5,140
(LA)
Llanddndod
High School Charity Fund
4,280 (1,000)
Newport Community Endowment Fund 6,923 (17,772) 10,849
Anglesey Community Endowment Fund 680
Flintshire Community Endowment Fund (11,800) 11,890
Hawarden District Relief Fund (1,775) 1,775
Education Trust ofJohn Vaughan 138
Mary Jane Foundation Trust 3,568
Waterloo Match Challenge 35,707
TJJones Memorial
Fund*
26,286 (105,000) 78,713
The Sloman Family Fund for Ely (3,000) 3,000
318,104 132,360 (699,209) 516,937
Group Summary
Charity 696,083 1,563,437 (1.623,446) 81,953
Linked 198,932 40,293 (91,107) 30,684
Group 895,012 1,603,730 (1,714,553) 112,637

The Lord Merthyr
Fund
1,212,550 26,468 114,624 (5,000)
Foundation
Schools Fund
154,709 3,360 14,597 (1,660)
Martyn Groves Adventure
8 Travel
Fund 40,767 885 3,845 (437)
The Sloman
Family Fund for Ely
27,815 569 2,721 (3,299)
Former Foundation
Powys Fund
27,072 588 2,555 (291)
Stanley Bligh Memorial
Fund*+
1,285,573 27,727 121,561 (28,785)
Llandrindod
High School Charity
Fund 110,266 2,390 10,393 (1,479)
Former Girls Grammar
School Brecon *+
290,737 6,220 27,626 (10,780)
Montgomeryshire
Intermediate
Technical Education *
8 828,664 18,117 78,507 (2,400)
MITEF Investment
Property
500,000
Montgomery
District Trust Fund*+
496,912 10,650 47,167 (16,766)
Newport
Community
Endowment
Fund 376,198 8,009 35,852 (17,186)
Monmouthshire
Further Education
Fund*+ 331,077 7,141 31,304 (7,356)
Cardiff CItIzens Charity'+ 154,136 3,341 14,531 (2,068)
Powys Welsh Church Fund+¹ 2,829,740 60,387 269,410 (117,650)
Rudbaxton
Parish Education
Fund*+
390,154 8,456 36,781 (5,235)
Fund for Wales 516,531 276,042 41,219 (26,107)
Gwent High Sheriffs' Community Fund 564,021 12,404 47,933
Wrexham
Community
Endowment
Fund 123,212 2,650 11,672 (3,403)
(Church)
Education Trust for Cardiff Citizens*+ 408,342 8,769 38,714 (12,327)
Education
Fund for Denbigh
and
Surrounding
Area *+
993,852 21,433 93,982 (22,431)
Flintshire
Community
Endowment
Fund 251,396 5,299 24,097 (15,962)
Hawarden
District Relief Fund
418,967 9,054 39,567 (7,840)
BIG Fund for Wales Trust Fund 1,101,819 22,090 108,467 (165.978)
Carmarthenshire
Fund
214,910 4,468 20,767 (18,883)
Dr D'ewi Davies Fund 1,362.340 28,357 131,567 (117,105)
Wrexham
Community
Endowment
Fund 160,619 3,414 15,324 (7,864)
(LA)
Education Trust ofJohn Vaughan 91.275 1,974 8.598 (1.469)
Wales in London 100,239 2,318 9,359 (6,595)
Anglesey Community Endowment Fund 7,373 160 695 (99)
Daisy Fund 78,826 8,008 7,285 (3,069)
Emrys Davies Legacy Fund 36,157 779 3,401 (776)
Denbighshire
Community
Endowment 409,468 8,778 38,863 (13,653)
Fund
Mary Jane Foundation Trust 35,506 765 3,341 (762)
LNB Fund 430,982 9,313 40,584 (7,447)
Cricket Wales Foundation 30,061 2,552 2,768 (645)
Clwyd Welsh Church Fund¹+ 652,132 14,025 61,821 (17,959)
William Gale Fund 165,472 3,571 15,574 (3,167)
Newport
Girls Fund
39,834 858 3,747 (855)
Nancy Mudge
Fund
40,311 815 3,932 (5,305)
Cardiff Story Fund 224.278 4,842 21,114 (4,116)
Newtown
Maintenance
Reserve*+ 79,087 1,715 7,456 (1,061)
Mudiad
Meithrin
Fund
143,603 3,144 13.592
TJJones Memorial
Fund*+
2,201,312 46,871 210,217 (102,816)
Cronfa William Salesbury¹ 54,786 1,182 5,156 (1,058)
Llangammarch
Disaster Fund¹
30,485 807 (903)
Mab Gwalia¹ 202,877 2,506
19,993,081 923,320 1,845,599 (790,047)
Group Summary
Charity 12,033,235 762,880 1,137,753 (578,022)
Linked 7,959,846 160,440 707,846 (212,025)
Group 19,993,081 923,320 1,845,599 (790,047)

Group
Investments 21/71,944 19,493,081
Investment
property
500,000 500,000
Fixed and intangible assets 24,493 34,663
Long term debtors 70,240 75,744
Current assets excluding cash at
bank/hand (227,724) 1,344,728 772,349
Cash at bank and in hand 635,449 28,127 1,211,823
Creditors: amounts falling due (25,354) (361,083) (698,172)
within one year
Creditors: amounts falling due (185,185) (54,000)
after one year
406,864 896,828 21,971,944 21,335,488
Charity
Investments 13,355,846 12,180,484
Fixed and intangible assets 24,493 34,663
Long term debtors
Current assets excluding cash at (227,724) 1,342,869 672,110
bank/hand
Cash at bank/hand 635,449 (209,593) 903,159
Creditors: amounts falling due (25,354) (280,568) (632,990)
within one year
Creditors: amounts falling due (134,685) (7,000)
after one year
406,864 718,023 13,355,846 13,150,426

Ffin Dance, Abertillery E5,948 E5,000 Andrew Tuggey
Scout Wales SWAT (Scouts Cymru) E2,021 Andrew Tuggey

LJDJ(ed hsctuisi?LDDJ2 ate
numb'
Montgomeryshire
District Trust Fund
513855 1074655-5 31August 2009
Montgomeryshire
Intermediate
IkTechnical
525726 1074655-3 31August 2009
Education
Fund
Stanley Bligh Memorial
Fund
525314 1074655-6 31August 2009
Former Girls Grammar
School Brecon
1074498 1074655-4 31August 2009
Monmouthshire
Further Education Trust Fund
1146059 1074655-7 1 April2010
Rudbaxton
Parish Education
Fund
1145391 1074655-8 1 November 2010
Cardiff Citizens Charity 206549 1074655-9 1 November 2010
Education Trust for Cardiff Citizens 506656 1074655-10 1 November 2010
Education
Fund for Denbigh
and Surrounding
Area 1074655-1 1074655-1 31 March 2016
TJJones Memorial
Fund
1074655-2 1074655-2 27January 2020
Q cym un~~ Foundathn
Investment income 9,563
Other income
Cost ofgenerating funds (1,418)
Charitable activities (5,254)
Investment gains and losses 99,339
Net movement
in funds
102,229
Assets 496,912
Liabilities
Net Assets 496,912
Restricted funds
Endowment funds 496,912
Funds 496,912
Investment income 64.412
Other income
Cost ofgenerating funds (5,160)
Charitable activities (12,119)
Investment gains and losses 378,601
Net movement
in funds
423.734
Assets 1,624,610
Liabilities (18,440)
Net Assets 1,606,170
Restricted funds 198,420
Endowment funds 1,407,750
Funds 1,606,170
~ ~
Investment income 24,721
Other income
Cost ofgenerating funds (3,635)
Charitable activities (12,402)
Investment gains and losses 256,771
Net movement
in funds
265,455
Assets 1,285,573
Liabilities
Net Assets 1,285,573
Unrestricted funds
Endowment funds 1,285,573
Funds 1,285,573
~ ~ ~ ~
Investment income 5,510
Other income
Cost ofgenerating funds (897)
Charitable activities (6,690)
Investment gains and losses 58,843
Net movement
in funds
56,766
Assets 291,637
Liabilities (900)
Net Assets 290,737
Unrestricted funds
Endowment funds 290,737
Funds 290,737

~
~
Investment income 6,371
Other income
Cost ofgenerating funds (928)
Charitable activities (2,783)
Investment gains and losses 66,046
Net movement
in funds
68,706
Assets 331,077
Liabilities
Net Assets 331,077
Endowment funds 331,077
Funds 331,077
~ ~
Investment income 7,500
Cost ofgenerating funds (1,091)
Charitable activities (3,273)
Investment gains and losses 77,831
Net movement
in funds
80,967
Assets 390,152
Liabilities
Net Assets 390,152
Unrestricted funds
Endowment funds 390,152
Funds 390,152
Q
ymu n~~ ounaon
Wales
Investment income 2,962
Cost ofgenerating funds (431)
Charitable activities (1,292)
Investment gains and losses 30,748
Net movement
in funds
31,987
Assets 154,648
Liabilities
Net Assets 154,648
Unrestricted funds 512
Endowment funds 154,136
Funds 154,648
Investment income 7,853
Charitable activities income
Cost ofgenerating funds (1,143)
Charitable activities (3,429)
Investment gains and losses 81,459
Net movement
in funds
84,741
Assets 408,842
Liabilities (500)
Net Assets 408,342
Unrestricted funds
Endowment funds 408,342
Funds 408,342
~ ~ ~ ~
~
~
~
~ - s ~ . ~ ~ ~
Investment income 19,096
Charitable activities income
Cost ofgenerating funds (8,887)
Charitable activities (2,222)
Investment gains and losses 198,261
Net movement
in
funds 206,248
Assets 993,851
Liabilities
Net Assets 993,851
Unrestricted funds
Endowment funds 993,851
Funds 993,851
Investment income 42,506
Charitable activities income
Cost ofgenerating funds (15,828)
Charitable activities (9,007)
Investment gains and losses 434,388
Net movement
in funds
452,059
Assets 2,227,598
Liabilities
Net Assets 2,227,598
Unrestricted funds 26,286
Endowment funds 2,201,312
Funds 2,227,598

Net movement
in funds
(344,536)
(Gains)/losses
on investments
873,136
Net investment
income and bank
interest repayable (161,434)
(Decrease)/increase
in debtors
13 (2,355,694)
Increase/(decrease)
in creditors
14 378,187
Net cash outflow from operating activities (1,610,341)

Income and endowments from:
Donations alegacies 2 516,135 146,119 71,017
Income from investments 3 2,957 47,853 429,430
Charitable
activities
Grantmaking 5,325,310
Other income 200,000
Total income 519,092 5,519,282 700,447
Expenditure
on:
Costs of raising funds
Fund development
&donor care
123,237 14,949
Core grants 8,858 3,807
Investment
Income
10,923 51,002
Charitable
activities
Grantma king 178,670 5,849,221
Promoting
philanthropy
90,270 15,228
Total expenditure 411,958 5,883,205 51,002
Net income/(expenditure) before
gains and losses on investments 107,134 (363.923) 649,445
Net gain/(loss)
on investments
11 3,896,950
Net income/(expenditure) forthe
year 107,134 (363,923) 4,546,395
Transfers between
funds
178,158 98,760 (276,918)
Gain on revaluation
Net movement
in funds
285,292 (265,163) 4,269,477
Reconciliation
offunds
Fund balances brought forward 162,099 1,160,179 15,723,604
Fund balances carried foNvard 447,391 895,016 19,993,081

Sefydliad Cymunedol Cymru Newid Bywydau Gyda'n Gilydd Community Foundation Wales Changing Lives Together